Geneos Wealth Management Inc. Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Geneos Wealth Management Inc. raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,256 shares of the conglomerate’s stock after acquiring an additional 782 shares during the period. Geneos Wealth Management Inc.’s holdings in Honeywell International were worth $5,253,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the 3rd quarter valued at $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter worth about $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $30,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HON. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Baird R W lowered Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $253.00 price target on shares of Honeywell International in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $221.51 on Friday. The business has a 50 day simple moving average of $226.38 and a 200-day simple moving average of $214.83. Honeywell International Inc. has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a market capitalization of $144.04 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.06. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.